Hi All,
I'm a semi regular poster, but hopefully I'll be allowed this temporary user ID to mask my normal one for obvious reasons.
It is looking increasingly like my wife and I are going to separate. She's currently a 50% shareholder, director, and is paid a nominal wage to do basic book keeping etc. by my ltd. If we split that will obviously change.
Is it possible to wind down my existing ltd and spin up a new one with 2 classes of shares - one for the director ie me and one my wife who would solely be a shareholder.
If and when we split I would then be able to make dividend payments to her direct from the company. Assuming I gift the shares to her before we split, I can't see a legal reason why this wouldn't be allowed, but am willing to be corrected.
I'm a semi regular poster, but hopefully I'll be allowed this temporary user ID to mask my normal one for obvious reasons.
It is looking increasingly like my wife and I are going to separate. She's currently a 50% shareholder, director, and is paid a nominal wage to do basic book keeping etc. by my ltd. If we split that will obviously change.
Is it possible to wind down my existing ltd and spin up a new one with 2 classes of shares - one for the director ie me and one my wife who would solely be a shareholder.
If and when we split I would then be able to make dividend payments to her direct from the company. Assuming I gift the shares to her before we split, I can't see a legal reason why this wouldn't be allowed, but am willing to be corrected.
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